Coinbase Derivatives files with the CFTC to self-certify Natural Gas (NGS) futures and Cardano (ADA) futures, expanding both energy and crypto derivatives markets

Coinbase Derivatives has filed with the U.S. Commodity Futures Trading Commission (CFTC) to self-certify futures contracts for Natural Gas (NGS) and Cardano (ADA), aiming to broaden its presence in both energy and cryptocurrency derivatives markets.

Coinbase Institutional 🛡️ on X: "We're excited to announce that Coinbase Derivatives has filed with the CFTC to self-certify Natural Gas (NGS) futures and Cardano ( $ADA ) futures—expanding our offerings in both energy and crypto derivatives markets. 

Pending regulatory approval, these futures contracts are anticipated to launch on March 31, 2025. ​

The introduction of ADA futures allows traders to engage with Cardano's price movements without directly holding the asset, facilitating advanced risk management and leveraged trading strategies.

Simultaneously, the NGS futures offering signifies Coinbase's entry into traditional energy commodities, positioning the platform to compete with established futures exchanges in the energy sector. ​

Coinbase aims to providing a comprehensive trading platform that caters to both cryptocurrency and traditional commodity markets.